SMU Data and Models
SMU Survey: 2017 Growth Expectations
Written by John Packard
January 8, 2017
During the first week of January Steel Market Update conducted our flat rolled steel market trends analysis. We invited 630 people associated with the flat rolled steel industry to participate. Of those responding 46 percent were manufacturers, 41 percent were steel service centers or wholesalers, 7 percent were steel mills, 4 percent steel trading companies and 2 percent were toll processors. We had 115 respondents to last week’s survey.
The question posed to all of our respondents was, “Looking at your business what is your company projecting for growth during calendar year 2017 (percentage above/below 2016 levels)?
As you can see, the majority of respondents are projecting growth, with 47 percent saying their growth will be 5 percent or greater. Only 9 percent of those responding reported their company as forecasting a slow-down in their business during 2017.
If you would like to see the entirety of our flat rolled steel market trends report you can do so as a Premium level member. We provide a Power Point presentation of the results on our website for our Premium members. The report from last week was placed on our website late last week shortly after we compiled the data collected.
If you would like information about upgrading your account from Executive to Premium please contact our offices at info@SteelMarketUpdate.com or by phone at 800-432-3475 (706-216-2140).
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU Survey: Current Sentiment sinks to lowest level since May 2020
SMU’s Steel Buyers’ Sentiment Indices both fell this week, with Current Steel Buyers’ Sentiment notching the lowest reading since May 2020.
Busheling and shredded tags drop, widening HRC vs. prime scrap spread
US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.
SMU Survey: Lead times remain short
Steel mill lead times ticked lower across most sheet and plate products this week, according to responses from SMU’s latest market check.
SMU Survey: Mills more negotiable on spot orders
Mills are more willing to negotiate spot prices for both sheet and plate products, according to our latest market survey results.